DAILY NATION Tuesday June 2, 2015 Business News 39 GROWTH | Indian economy gives China run for her mo PUNIT PARANJP An Indian vendor waits for customers at his metal shop in Mumbai. India’s factory output r a four-month high in May on increased demand, a survey showed yesterday in a further boo the economy after data showed it was outgrowin AVIATION | Company lays out r Malaysia Air 6,000, says r Double disaster last year was the last straw for an already struggling carrier due to poor running KUALA LUMPUR, Monday T roubled Malaysia Airline laid out plans for an acro board “hard reset” of the the carrier is run that will see 6,000 jobs cut as it struggles in business. The bullet-point blueprint, r by email, marks the first co move by new chief executive toph Mueller, a German n who had previously initiated rounds at Ireland’s Aer Lingus Belgium’s Sabena that earn the nickname “The Terminat his job-slashing. Provide precise figure The plan said the airline offer “at least 14,000 jobs” b to the carrier’s roughly 20,00 ing employees. It did not imme provide a precise figure. The move, however, was exp The State investment fund that taken over the flag carrier had last year that around 6,00 would be lost. Under Mueller, 52, the plans to re-invent itself, beg on September 1 with a new and expected new livery as he to repair the damage to the airline’ image suffered in a disastrous 2014. In March last year, flight MH3 DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT Y NATION Tuesday June 2, 2015 Business News 39 GROWTH | Indian ILY NATION Tuesday June 2, 2015 Business News 39 GROWTH | Indian economy gives China run for her mo PUNIT PARANJP An Indian vendor waits for customers at his metal shop in Mumbai. India’s factory output r a four-month high in May on increased demand, a survey showed yesterday in a further boo the economy after data showed it was outgrowin AVIATION | Company lays out r Malaysia Air 6,000, says r Double disaster last year was the last straw for an already struggling carrier due to poor running KUALA LUMPUR, Monday T roubled Malaysia Airline laid out plans for an acro board “hard reset” of the the carrier is run that will see 6,000 jobs cut as it struggles in business. The bullet-point blueprint, r by email, marks the first co move by new chief executive toph Mueller, a German n who had previously initiated rounds at Ireland’s Aer Lingus Belgium’s Sabena that earn the nickname “The Terminat his job-slashing. Provide precise figure The plan said the airline offer “at least 14,000 jobs” b to the carrier’s roughly 20,00 ing employees. It did not imme provide a precise figure. The move, however, was exp The State investment fund that taken over the flag carrier had last year that around 6,00 would be lost. Under Mueller, 52, the plans to re-invent itself, beg on September 1 with a new and expected new livery as he to repair the damage to the airline’ image suffered in a disastrous 2014. In March last year, flight MH3 S. S. Korea, China sign SEOUL, Monday China and South Korea today formally signed a free trade agreement (FTA) that is expected to remove most tariffs between Asia’s largest and fourth-largest economies, whose trade is already worth more than $200 billion. The deal — largely agreed in November and signed by the two nations’ trade ministers today — aims to gradually remove tariffs on more than 90 per cent of traded goods within two decades. China is the trading partner as well as the biggest export market, and two-way trade stood at around $235.3 billion last year, according to state data in Seoul. South Korea is also one of the biggest foreign investors in China, pumping in over $1.6 billion in the first quarter of this year. South Korean President Park Geun-Hye, in a letter to Chinese leader Xi Jinping, called the accord a “historic milestone” that would further cement relations. DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT DAILY NAT